Thailand

Operating a business

Different types of companies	Number of partners/shareholders	Maximum and/or minimum capital	Liabilities	Registration fees
Public Limited Company.	Minimum 15 partners, Minimum 100 shareholders	No minimum capital.	Liability is limited to the amount contributed.	Minimum Baht 5.200 * Maximum Baht 527.200 *
Private Limited Company.	7 partners, 1 has to have Thai citizenship. Maximum 100	No minimum capital.	Liability is limited to the amount contributed.	Minimum Baht 5.200 * Maximum Baht 527.200 *
Unregistered ordinary partnership.	Minimum 2 partners.	No minimum capital.	Partners' liability is joint and several.	Minimum Baht 5.200 * Maximum Baht 527.200 *
Registered ordinary partnership	2 or several partners.	No minimum capital.	Liability is limited to the amount contributed for at least one partner and unlimited for the others.	Minimum Baht 5.200 * Maximum Baht 527.200 *
Limited partnership	One or several partners.	No minimum capital.	Liability is limited to the amount contributed for at least one partner and unlimited for the others.	Minimum Baht 5.200 * Maximum Baht 527.200 *

Legal weekly duration: 48 hours
Retirement age: There is no legal age of retirement except for civil servants who can retire at 60.
Working contracts: Employment contracts are regulated by Law. Individual negotiations and collective agreements complement it.

Minimum wage: between 140 baht (USD3.75) and 168 baht (USD4.94) by day
Social contributions: Social security contributions paid by employers: 2 %.
Social security contributions paid by employees: 2 %.